News: Front Section
Posted: February 7, 2020
Herrick Lutts Realty Partners brokers $2.05 million building sale
Salem, MA Herrick Lutts Realty Partners at Keller Williams Realty represented the seller, Beverly Overlook, LLC and procured the buyer, David Pabich, manager of Renewal Vetures, LLC in the $2.05 million sale of at 15 Winter St.
This 5,861 s/f building is situated on a 9,644 s/f lot near the Salem Common and the Commuter Rail. The building unit mix was comprised of eight studios, and four one bedroom units, and contained coin-op and fully updated electrical service and gas heat.
The buyer is a well known real estate manager and has holdings in the local market.
Paul Herrick and Nicholas Zolotas represented the seller, Beverly Overlook, LLC, and Paul Herrick procured the buyer.
The Herrick Lutts team includes Paul Herrick, Peter Lutts, Nick Zolotas , Jason Grzybek, Patrick Sargent and Sarah MacBurnie-Liporto.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Columns and Thought Leadership
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.